Victory Capital Management Inc. Sells 65,433 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Victory Capital Management Inc. cut its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 20.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,872 shares of the semiconductor company’s stock after selling 65,433 shares during the period. Victory Capital Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $9,758,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSM. Geode Capital Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 17.0% in the 1st quarter. Geode Capital Management LLC now owns 66,377 shares of the semiconductor company’s stock valued at $2,179,000 after acquiring an additional 9,640 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $702,000. Creative Planning raised its stake in shares of Taiwan Semiconductor Manufacturing by 6.5% in the 2nd quarter. Creative Planning now owns 26,690 shares of the semiconductor company’s stock valued at $933,000 after acquiring an additional 1,639 shares in the last quarter. Jarislowsky Fraser Ltd raised its stake in shares of Taiwan Semiconductor Manufacturing by 45.5% in the 2nd quarter. Jarislowsky Fraser Ltd now owns 12,706 shares of the semiconductor company’s stock valued at $444,000 after acquiring an additional 3,971 shares in the last quarter. Finally, Aperio Group LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 6.6% in the 2nd quarter. Aperio Group LLC now owns 2,080,721 shares of the semiconductor company’s stock valued at $72,742,000 after acquiring an additional 127,964 shares in the last quarter. 19.30% of the stock is owned by institutional investors.

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Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) opened at $41.86 on Wednesday. The stock has a market capitalization of $217,863.84, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 1.29 and a beta of 0.77. The company has a quick ratio of 1.48, a current ratio of 1.60 and a debt-to-equity ratio of 0.07. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $28.34 and a fifty-two week high of $42.71.

A number of brokerages recently weighed in on TSM. KeyCorp reissued a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 20th. BidaskClub downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Daiwa Capital Markets downgraded Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a research note on Thursday, October 19th. Finally, J P Morgan Chase & Co raised Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 10th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.00.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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